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(💸10/40) The 1% Challenge: The Absurdly Simple Habit That Can Transform Your Financial Life Forever
Manage episode 422571642 series 3558373
Content provided by Bob Lotich, Certified Educator in Personal Finance and Linda Lotich | Christian Financial Coaches. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bob Lotich, Certified Educator in Personal Finance and Linda Lotich | Christian Financial Coaches or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Today we're sharing a financial strategy so simple, so painless, and so powerful, it almost feels like cheating.
After applying this habit in our own lives for over a decade, we can confidently say that the 1% Challenge is the closest thing we've found to a "set it and forget it" path to financial success.
And the best part? It's not just about padding your bank account. The 1% Challenge also enables you to steadily scale your generosity and impact year after year, without ever stressing about the numbers.
In today's episode, we'll walk you through the counterintuitive behavioral science that makes this strategy so absurdly effective, including:
How the Goldilocks Rule can help you find the "just right" sweet spot for financial growth
Why the Law of Marginal Gains is the secret weapon of peak performers (and how to apply it to your money)
The little-known reason why small, incremental changes can actually be easier to stick with than massive, drastic overhauls
We'll also share our dead-simple 3-step process for implementing the 1% Challenge in your own life, starting today. Fair warning: This episode could change your financial trajectory forever.
So if you're ready to put your wealth-building on autopilot, skyrocket your impact, and still enjoy life along the way, you won't want to miss this one.
Resources Mentioned:
The life-changing "True Financial Freedom" online class: True Financial Freedom | Christian financial class for churches
Watch this episode on our SeedTime Money Podcast YouTube channel!
If you haven’t checked out our best-selling book Simple Money, Rich Life, we think you’ll love it. It was named the 2022 Book of the Year by ICFH and has over 600 5-star reviews on Amazon and is best described as “a money book for people who don’t read money books.”
You can take it for a test drive for FREE at SeedTime.com/sample where you can download chapter 1 of the audiobook, grab the 1st 2 chapters of the ebook version, and even get the 5-week book study companion guide.
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